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The Independent UK

National

Henry Saker-Clark

‘UK recession to last until end of next year’

Recession United Kingdom KPMG Yael Selfin KPMG UK

PA Wire

The UK economy is on track to shrink by 1.3% in 2023 amid a recession which is set to last until the end of next year, according to a new economic forecast.

Economists at KPMG have predicted that the UK has already entered a “shallow but protracted” recession amid continued inflation and higher interest rates.

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